- Paul Atkins confirmed as SEC chairman with 52-44 senate voice.
- Crypto companies donated more than $ 85 million to Trump -inhelding.
- The new direction of SEC can prefer altcoins and Defi platforms.
The US Securities and Exchange Commission (SEC) has introduced a new phase of Crypto supervision with the appointment of Paul Atkins as his 34th chairman.
Nominated by President Donald Trump and confirmed by the Senate in a 52-44 mood earlier this month, Atkins returns to the SEC With a clear message – making the US the most safe and attractive investment destination worldwide.
In his first public explanation, he indicated that Crypto Regulation would be a central focus of its administration, which would mark a deviation from the ragless attitude of former chairman Gary Genler to Altcoins.
Surge in Crypto ETF reports under the watch of Atkins
The arrival of Atkins comes in a crucial time for the cryptomarket. Since the resignation of Gary Gensler, the SEC has been flooded with a wave of crypto -related exchange -related fund (ETF) applications.
According to data collected by Beincrypto, there are currently 72 awaiting applications pending review, which include Spot Bitcoin and Ethereum ETFs, Altcoin funds and meme coin-supported offers.
ETF analyst Nate Geraci pointed out that various important issues are now covered by the jurisdiction of Atkins. These include decisions about setting out ETHEEM ETFs, in kind creation and redemption mechanisms for spot funds and regulations related to derivatives.
The sudden increase in the applications is interpreted as a strategic step of asset managers to take advantage of the shift in leadership.
Altcoins and meme coins can get sec -gral
The contrast between Atkins and Gensler is already felt. Gensler had argued that most cryptocurrencies missed intrinsic value and were fed by hype, which he said they made them unstable investment vehicles.
His term of office was characterized by a consistent pushback against altcoin and meme coin products, so that several ETF approvals are delayed or denied.
However, among Atkins, industrial analysts believe that there can be a regulatory thaw, especially for tokens outside of Bitcoin and Ethereum.
His market -friendly attitude increases the expectations that various high -profile Altcoin ETFs can be approved in the coming months. One analyst claimed that the SEC had become a “pro-Crypto administration”, which reflects optimism within the industry.
Important lawsuits have fallen under SEC from the Trump era
In addition to ETFs, Atkins inherits a SEC that has recently seen several large crypto enforcement cases fall or closed.
Companies such as Coinbase, Ripple, Kraken, Uniswap and Yuga Labs reportedly had investigated whether lawsuits closed in the months prior to the confirmation of Atkins.
Public archives show that these companies, among other things, jointly donated more than $ 85 million to the inauguration committee of Trump, which led to control over the independence of the SEC.
The SEC from the Biden era, under Gensler, had collected these companies aggressively and claimed that securities violations in various token offers and deployment services.
But the Pivot, guided by Trump, now cemented by the leadership of Atkins, is interpreted by legal experts as a broader retreat of that enforcement strategy.
What Atkins’ SEC means for crypto regulations
Paul Atkins previously served as a SEC commissioner from 2002 to 2008. Known for the advocation of market pier -regulation and supporting innovation, his return organizations indicates a broader political shift in American financial regulations.
Since the SEC supervises a crypto market of $ 2.8 trillion, the decisions of Atkins will probably set the tone for how the agency deals with decentralized finances, altcoins and Tokenized Activa in the coming months.
The Crypto industry is now closely keeping to see if this new direction will lead to sustainable reform of the regulations or that challenges will be discussed again, depending on the results of continuous political shifts in Washington.
Anyway, the short-term process of the SEC is now linked to the interpretation of Atkins of investor protection and market integrity in the rapidly evolving digital assets space.
